News

Landmark court ruling on Armou house collapse

17.11.2023 The Paphos District Court recently decided a case involving the collapse of a house in the village of Armou , Paphos district, due to subsidence. The court awarded the..

President: Our priority is to keep construction industry on a growth path

17.11.2023 The President of the Republic of Cyprus, Nikos Christodoulides , said on Thursday that the government's priority is to maintain and strengthen the construction industry. The President was addressing..

M. Hatzipanagiotou: The real estate sector showed resilience in the face of challenges

16.11.2023 “The land and construction sector is intertwined with the economic development and progress of the country,” said Michalis, President of the Association, from the podium of the Annual General..

Cyprus construction sector key to island’s economic growth, association president says

16.11.2023 President of the Cyprus Property Developers Association (LBDA) Michalis Hadjipanayiotou on Thursday praised the resilience of the local real estate sector as reflected in its ability to overcome numerous..

Cyfield: Houses with a reduced VAT rate

14.11.2023 Over 90 residential properties in various areas of Nicosia and Agios Athanasios Limassol at various stages of development, as well as several apartment buildings in Nicosia, Larnaca and Limassol..

Real estate market not cooling down

11.11.2023 The Cyprus property market shows no signs of slowing down, fueled by foreign buyers as 2023 is on track to be the best year since 2008 when the global..

Creating your private garden

11.11.2023 Despite the fact that about 40% of Cyprus is covered with forest, trees and shrubs, the island should be greener, especially in conditions of water shortage. The Ministry of..

Cyprus property market: mixed outlook despite rising values

09.11.2023 Cyprus company Ask Wire on Thursday published a quarterly report on the local real estate market. The report shows a mixed outlook for the property market in Cyprus, despite..

Property values in Larnaca surge due to Israeli interest

09.11.2023 According to representatives of the local property sector, property prices in Larnaca have recently risen to levels close to those of Nicosia, largely due to increased interest from Israeli..

Over 60% sales in coeo Gladstonos Exclusive Residences project

09.11.2023 In the center of Nicosia's most prestigious street, aristocratic Gladstonos , the magnificent Rotos project is being built Group . Gladstonos CEO Exclusive Residences. The unique location and luxury..

Cyprus economy council weighs in on affordable housing issue

08.11.2023 The Cyprus Economic and Competitiveness Council ( Soak ) on Wednesday presented a comprehensive set of measures and recommendations aimed at addressing the pressing issue of affordable housing in..

Property sales in Paphos dominated by overseas buyers

08.11.2023 The latest sales figures from the Department of Lands and Surveys show that foreign buyers accounted for almost three quarters of total property sales in Paphos until the end..

Peter Valov: An investor attraction framework is necessary for affordable housing

08.11.2023 Petr Valov, CEO of Exness Group, which operates in the financial technology sector and provides a wide range of financial instruments, stressed the need to stimulate the market with..

Proposals for affordable housing from the Economic and Competitiveness Council

08.11.2023 Measures and proposals to find affordable housing were presented by the Cyprus Economic and Competitiveness Council (CEC). Stating that the search for affordable housing is one of the most..

Building supervision really matters

06.11.2023 Many Cypriots are completely dissatisfied with the quality of supervision of some construction consultants. It appears that some want to get as much pay as possible during design and..

Property sales: Surprise in Nicosia, stability in Limassol and momentum in Paphos

06.11.2023 Property sales in October 2023 reached 1,306 from 1,171 in October 2022, an increase of 12%. Between January and October 2023, the number of sales documents filed throughout Cyprus..

Dubai-Cyprus property synergies

05.11.2023 Strengthening the history of strong relations between Cyprus and the United Arab Emirates, Dubai Property Shop Investment (PSI), the UAE's leading real estate company, held its roadshow at the..

Home is where the luxury is: seven premium Cyprus properties

05.11.2023 Finding the perfect place to live is not easy, and the situation can be even more difficult when investing in luxury real estate. After all, luxury refers not only..

RICS/KPMG property price & rental index Q3 2023

04.11.2023 The 56th quarterly publication of the RICS Cyprus Property Index, in collaboration with KPMG, records the Property and Rental Price Index, tracking property and rental prices across all areas..

Drawing a line under common expenses

04.11.2023 From time to time, Cypriots have complaints that in Cyprus it is not customary to create sinking funds in common property (apartments, integrated development projects). There is confusion about..

Stavros Karamontanis: The new housing policy is a breather for the market and vulnerable groups

04.11.2023 The new unified housing policy announced by the Ministry of the Interior is a positive development as it will breathe life into the market and make a significant contribution..

High rise buildings under construction in Limassol

03.11.2023 In recent years, Limassol has seen major developments, millions of dollars in investments and attracted foreign companies to establish its headquarters. Among new buildings, a significant number of high-rise..

Real estate: The profile of foreign investors, why they choose Cyprus and the cities they prefer

02.11.2023 Foreign investors and buyers showing interest in Cypriot real estate are mainly people with high incomes. These include contractors and other investors with an increased interest in residential and..

Swimming pool legislation upgrade

01.11.2023 A bill aimed at improving legislation relating to the specification and inspection of public and private swimming pools is expected to be introduced in parliament before the end of..

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